BMA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BMA
Largest movements
- Tangible fixed assets -€1,473
down €1,473 (-9.2%), from €15,927 to €14,454
- Receivables within one year -€1,273
down €1,273 (-1.4%), from €90,841 to €89,567
of which Trade receivables: -€9,964
- Reserves +€11,882
up €11,882 (+23.1%), from €51,377 to €63,259
- Short-term financial debts -€6,197
down €6,197 (-56.8%), from €10,916 to €4,719
- Tax, wage and social debts -€5,191
down €5,191 (-33.8%), from €15,371 to €10,181
of which Taxes: -€3,291
- Debts after one year -€2,692
down €2,692 (-53.5%), from €5,036 to €2,344
- Gross operating margin -€7,660
down €7,660 (-27.4%), from €27,999 to €20,339
- Taxes -€1,472
down €1,472 (-25.5%), from €5,767 to €4,295
- Financial income +€375
new in 2025: €375
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,767 | €104,021 | -€2,746 | -2.6% |
| Fixed assets | 21/28 | €15,927 | €14,454 | -€1,473 | -9.2% |
| Tangible fixed assets | 22/27 | €15,927 | €14,454 | -€1,473 | -9.2% |
| Plant, machinery and equipment | 23 | €997 | €734 | -€263 | -26.4% |
| Furniture and vehicles | 24 | €3,634 | €3,062 | -€572 | -15.7% |
| Other tangible fixed assets | 26 | €11,295 | €10,657 | -€638 | -5.6% |
| Current assets | 29/58 | €90,841 | €89,567 | -€1,273 | -1.4% |
| Amounts receivable within one year | 40/41 | €90,841 | €89,567 | -€1,273 | -1.4% |
| Trade receivables | 40 | €27,536 | €17,572 | -€9,964 | -36.2% |
| Other amounts receivable | 41 | €63,304 | €71,995 | +€8,691 | +13.7% |
| Total equity and liabilities | 10/49 | €106,767 | €104,021 | -€2,746 | -2.6% |
| Equity | 10/15 | €69,977 | €81,859 | +€11,882 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,377 | €63,259 | +€11,882 | +23.1% |
| Distributable reserves | 133 | €51,377 | €63,259 | +€11,882 | +23.1% |
| Amounts payable | 17/49 | €36,790 | €22,162 | -€14,628 | -39.8% |
| Amounts payable after more than one year | 17 | €5,036 | €2,344 | -€2,692 | -53.5% |
| Financial debts | 170/4 | €5,036 | €2,344 | -€2,692 | -53.5% |
| Amounts payable within one year | 42/48 | €31,754 | €19,818 | -€11,936 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €2,567 | €2,692 | +€125 | +4.9% |
| Financial debts | 43 | €10,916 | €4,719 | -€6,197 | -56.8% |
| Credit institutions | 430/8 | €10,916 | €4,719 | -€6,197 | -56.8% |
| Trade debts | 44 | €2,900 | €2,227 | -€673 | -23.2% |
| Suppliers | 440/4 | €2,900 | €2,227 | -€673 | -23.2% |
| Taxes, remuneration and social security | 45 | €15,371 | €10,181 | -€5,191 | -33.8% |
| Taxes | 450/3 | €13,471 | €10,181 | -€3,291 | -24.4% |
| Remuneration and social security | 454/9 | €1,900 | - | -€1,900 | |
| Remuneration, social security and pensions | 62 | €191 | €195 | +€4 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,473 | €1,473 | = | 0.0% |
| Other operating charges | 640/8 | €833 | €692 | -€142 | -17.0% |
| Non-recurring operating charges | 66A | €87 | - | -€87 | |
| Gross operating margin | 9900 | €27,999 | €20,339 | -€7,660 | -27.4% |
| Operating profit (loss) | 9901 | €25,415 | €17,979 | -€7,436 | -29.3% |
| Financial income | 75/76B | - | €375 | +€375 | |
| Recurring financial income | 75 | - | €375 | +€375 | |
| Financial charges | 65/66B | €2,070 | €2,178 | +€108 | +5.2% |
| Recurring financial charges | 65 | €2,070 | €2,178 | +€108 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €23,345 | €16,176 | -€7,169 | -30.7% |
| Income taxes | 67/77 | €5,767 | €4,295 | -€1,472 | -25.5% |
| Profit (loss) for the period | 9904 | €17,578 | €11,882 | -€5,696 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,578 | €11,882 | -€5,696 | -32.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.